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Rheinmetall CEO 'Very Unhappy' With Naval Contract Loss

Rheinmetall CEO Armin Papperger says he is "very unhappy" after Germany withdrew a 10 billion naval contract, saying it wasn't a "responsible use of budgetary funds," a decision that forced the defense company to cut its outlook. Papperger made the comments in an interview with Bloomberg TV's Francine Lacqua on August 6.

Read more: Rheinmetall CEO 'Very Unhappy' With Naval Contract Loss
Bloomberg
Financial

Europe Faces Climate Crisis Strain: Markets Snapshot

Amidst an already volatile economic and geopolitical backdrop, Europe is faced with a new a challenge in the form of an escalating climate crisis. Hot, dry weather across the continent has put communities under threat from deadly wildfires. Rivers and critical waterways are also in danger of falling water levels which could also cause disruptions to power facilities and fracture the transportation of coal, fuel, and industrial commodities. The Opening Trade spoke with guests about what the ongoing volatility means for European governments and business leaders.

Read more: Europe Faces Climate Crisis Strain: Markets Snapshot